Market Major Trends: Xerox, QUALCOMM, Accenture, and Sonus Networks

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On Friday, January 10, 2014, the US equity market mostly ended on a higher note as the S&P 500 ended the day at 1,842.37, up 0.23%; the Dow Jones Industrial Average closed at 16,437.05, down 0.05%; and the NASDAQ Composite finished at 4,174.67, up 0.44%. The S&P 500 Information Technology Sector Index advanced 0.20% to end the day at 578.77; and the same has gained 4.02% in the last one month and 10.29% in the previous three months, outperforming the S&P 500, which has advanced 3.78% and 8.17% during the respective periods. The major movers in the Information Technology sector included Xerox Corporation (NYSE: XRX), QUALCOMM Inc. (NASDAQ: QCOM), Accenture PLC (NYSE: ACN), and Sonus Networks Inc. (NASDAQ: SONS). AAAResearchReports.com has completed their technical analysis on XRX, QCOM, ACN, and SONS and these free reports are accessible by registering at:

On Friday, Xerox Corp.’s stock ended the day at $11.99, which is 0.50% lower than the previous day’s closing price of $12.05. The company’s shares vacillated between $11.94 and $12.07 during the trading session. A total of 4.79 million shares were traded, which is below the daily average volume of 10.33 million. Despite Friday’s pullback, the company’s shares have gained 7.44% last one month and 12.69% in the previous three months, outperforming the S&P 500, which has advanced 3.78% and 8.17% during the respective periods. Additionally, Xerox Corp.’s stock is trading near its 52-week high of $12.28, and also above its 50-day and 200-day moving averages of $11.29 and $9.99, respectively. Sign up for free technical research on XRX at:

QUALCOMM Inc.’s stock edged lower on Friday, after hitting a new 52-week high of $74.50. The company’s stock ended the day at $73.87, down 0.05% from the previous day’s closing price of $73.91. A total of 8.88 million shares were traded, which is below the daily average volume of 9.80 million. Despite Friday’s losses, the company’s shares have gained 0.86% in the previous three trading sessions and 9.36% in the last three months, outperforming the S&P 500, which has advanced 0.24% and 8.17% during the respective periods. Further, QUALCOMM Inc.’s stock is trading above its 50-day and 200-day moving averages of $72.09 and $66.86, respectively. Be sure to read our latest technical research on QCOM by registering at:

On Friday, Accenture PLC’s stock finished the day at $83.20, up 0.30% from the previous day’s closing price of $82.95. The company’s shares oscillated between $82.39 and $83.22 during the trading session. A total of 4.37 million shares were traded, which is above the daily average volume of 3.21 million. The company’s shares have gained 11.83% last one month and 14.43% in the previous three months, outperforming the S&P 500, which has advanced 3.78% and 8.17% during the respective periods. Moreover, Accenture PLC’s stock is trading near its 52-week high of $84.23, and also above its 50-day and 200-day moving averages of $77.62 and $76.55, respectively. Sign up and read the complimentary report on ACN at:

Shares in Sonus Networks Inc. edged 0.35% higher on Friday, closing the day at $2.86. The company’s shares fluctuated between $2.76 and $2.86 during the trading session. A total of 0.88 million shares were traded, which is below the daily average volume of 1.48 million. Despite Friday’ gains, the company’s shares have fallen by 2.72% in the previous three trading sessions and 17.10% in the last three months, underperforming the S&P 500, which has gained 0.24% and 8.17% during the respective periods. Furthermore, Sonus Networks Inc.’s stock is trading below its 50-day and 200-day moving averages of $2.94 and $3.05, respectively. The free report on SONS can be downloaded by signing up now at:

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